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I imagine they'll come out with some kind of sphere-camera, like they have on the tops of Google maps cars, with speakers, maybe a mugshot screen, and you stick that on your computer or on the couch & that's your friend's access point.

I like the people online who are going into full tinfoil hat mode at the news: OMG, Facebook will turn the Oculus Rift into a datamining device! Are those people aware that FB already has a much more effective datamining device with insanely more reach than OR will ever have, i.e. Facebook?

That's not to say that there isn't anything to worry about here, but people need a reality check.

Facebook just isn't cool. Neither is advertising the amazing anti-winkle cure doctors have been keeping secret but discovered by a 42 year old hockey mum, which can be yours for only $20.

That's the genius of targeted advertising don't you know. Only get information on stuff you really are likely to want, like how lazy skinny guys get ripped because you're male, or info on that thing you already bought last week.
You won't believe the kind of next level algorithms necessary to do all that.

Honestly, I don't care that Facebook owns it, so long as they leave it alone and allow it to continue on it's normal course. Leveraging their tech to make a neato Facebook application and maybe making some profit off it is fine. Stripping it of all functionality and selling it as nothing more than an overly expensive glorified head based 3D chatroom isn't.

Sony could throw Facebook's annual revenue at the morpheus if they really felt like it. But why bother. There's always their decades worth of experience and vast R&D infrastructure and manufacturing chains in consumer electronics that they don't have to lift a finger to create. They shit out 1000 things as complicated as the Rift on an annual basis.
And wait til Samsung decides to make one...

Anyway, I don't really care that much. It's a rather odd thing for facebook to buy is all. Do they think they're Google now or something?